Former FTX engineering chief Nishad Singh showed an “eagerness to assist” the prosecution during its case against Sam Bankman-Fried, and a similar energy to help CEO John Ray in FTX's bankruptcy case.

bankingdive.com

Singh, fourth FTX exec sentenced, avoids prison

Nishad Singh, the former head of engineering at FTX and a one-time confidante to Sam Bankman-Fried, will avoid jail time for his role in the collapse of the unregulated crypto exchange. On Wednesday, U.S. District Judge Lewis Kaplan gave Singh a time-served sentence contrasting the prison terms handed down to other FTX officials involved in the FTX collapse case.  Background of Singh’s Role in the FTX Collapse The sentence of Singh takes into ac…

coinstats.app

CoinStats - Nishad Singh Avoids Prison in Aftermath of FT...

Nishad Singh, former FTX director of engineering and a close associate of Sam Bankman-Fried, received a “time served” sentence on Wednesday, sparing him prison time. U.S. District Judge Lewis Kaplan also ordered Singh to pay $11 billion in restitution. Singh, 29, is the fourth FTX executive to be sentenced for involvement in the crypto exchange’s collapse, but his extensive cooperation with prosecutors helped him avoid a prison term. The court f…

FinanceFeeds

Ex-FTX Exec Nishad Singh Avoids Prison For His Role In SBF Conviction - FinanceFeeds

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth former employee of the collapsed cryptocurrency exchange to face legal consequences.  In addition to his sentence, Singh, who once served as FTX’s head of engineering, was ordered to forfeit $11 billion.  He had pleaded guilty to six criminal charges early last year. The charges include conspiracy to commit secur…

99 Bitcoins

Former FTX Exec Nishad Singh Gets No Jail Time, Ordered To Forfeit $11 Billion

TLDR: 
Nishad Singh, former FTX engineering head, received no jail time but 3 years supervised release Singh was a key witness against Sam Bankman-Fried, who got 25 years in prison Judge praised Singh’s “remarkable” cooperation with authorities Singh must forfeit $11 billion and helped recover assets in bankruptcy proceedings Current FTX CEO John Ray III advocated for leniency due to Singh’s continued assistance   Former FTX engineering director…

Blockonomi

Former FTX Executive Nishad Singh Avoids Prison Time: Must Forfeit $11 Billion - Blockonomi

A judge spared Ex-FTX executive Nishad Singh prison time on Wednesday. He was involved in FTX’s multibillion-dollar fraud.  Singh testified for the prosecution against Sam Bankman-Fried last year.  Former FTX chief engineer Nishad Singh has avoided prison time after cooperating against FTX founder Sam Bankman-Fried. Last year, Singh testified against Bankman-Fried at his trial for the multibillion-dollar fraud.   Singh’s cooperation with federal…

The Market Periodical

Ex-FTX Exec Nishad Singh Cooprates Dodges Prison Sentence

Former FTX engineering director Nishad Singh has been sentenced to “time served” by U.S. District Judge Lewis Kaplan, effectively granting him freedom after his extensive cooperation in the federal case against FTX founder Sam Bankman-Fried. Singh will also be subject to three years of supervised release, a lighter sentence reflecting his pivotal role in exposing the depth of fraud at the now-collapsed cryptocurrency exchange. Judge Kaplan comme…

Singh, fourth FTX exec sentenced, avoids prison

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